As the world continues to shift to an online, competitive marketplace e-commerce sellers are left with many legal and financial concerns. Now that tax season is upon us these concerns become even more intensified.
The e-commerce industry can be lucrative. Amazon for example has 190 million reported monthly visitors, but it also comes with its challenges. Less than 50% of small businesses stay online after four years. How can you make sure that your business is set up for success when building and growing your e-commerce business? Some areas to focus on are your revenue and growth model, a payment gateway that is user friendly, what shipping restrictions are in place, how you will manage inventory, and how you will protect customer information (cyber security is here to stay!)